Despite many rumours and reports, The Last Guardian has NOT been cancelled.
 

@notaxation @yosp and I laughed at this rumor over dinner. The Last Guardian has NOT been cancelled.

— Scott Rohde (@RohdeScott) June 8, 2014

 
Original story follows:
 

While many at IGN have been eagerly hoping for the appearance of The Last Guardian at E3 this year, we won’t be seeing the game anymore. IGN has received a report this evening that “The Last Guardian is finally cancelled.” According to our sources, the information was disclosed in “Sony’s internal meeting last week.”
 
Last March, Scott Rohde, Head of Software Product Development at Sony, told IGN The Last Guardian is still “absolutely in the mix at Sony Worldwide Studios.” The game was first revealed at E3 in 2009 with a projected release date of 2011. While 2011 didn’t see the release of the game, we did finally get a chance to see the game running in March of that year. In 2012 Sony’s Shuhei Yoshida confirmed the game was still in development, despite the withdrawal of the game’s executive producer, Yoshifusa Hayama, and the departure shortly after of Team ICO’s founder, Fumito Ueda.
 
In the wake of subsequent, conflicting reports that the game was on hiatus, Yoshida recently explained that the studio was waiting to reintroduce the title.
IGN has reached out for additional comment from Sony.

 
Thanks to IGN.

The record for longest video game production ever is going back to Square Enix!

 

That's supposed to be a good thing?

That's supposed to be a good thing?

 

It's a joke, like how long it's taking.

Ah, nuts.

UPDATE:

@notaxation @yosp and I laughed at this rumor over dinner. The Last Guardian has NOT been cancelled.

— Scott Rohde (@RohdeScott) June 8, 2014

IGN report ANYTHING without double checking first. That's why people find them highly uncredible as a news site. Any rumor they find they will post for click bait, I do admit they are good for some news. But reporting something which is a rumor claiming it's fact at first is pretty bad.

IGN report ANYTHING without double checking first. That's why people find them highly uncredible as a news site. Any rumor they find they will post for click bait, I do admit they are good for some news. But reporting something which is a rumor claiming it's fact at first is pretty bad.

 

In fairness, it depends on the reporter/editor.

In fairness, it depends on the reporter/editor.

Yeah, that's very true.

We need to get some surprises at the E3..

Oh, so it's not cancelled then.

Gaming journalism at work, folks.

Don't see why it matters, game hasn't seen any progress for years and form the looks of it won't for many more. Kind of annoying because it's not like they're working on anything else.

Don't see why it matters, game hasn't seen any progress for years and form the looks of it won't for many more. Kind of annoying because it's not like they're working on anything else.

I believe Team Ico is part of Sony's Japan division who have stated in the past that the reason why TLG was taking more time than it should was because the production of Knack and Puppeteer came before it, a bit of a BS reason since people have been waiting for TLG FOR YEARS NOW.

Gaming journalism at work, folks.

 

At least they apologized.